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Incorrect price on higher time frame charts Rate this Topic:
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nanow
Posted : Wednesday, June 4, 2014 10:47:23 AM
Registered User
Joined: 1/16/2014
Posts: 7

Hi,

I noticed that the higher timeframe charts display incorrect prices. 
e.g. 4 Hour chart for NDX--X displays wrong prices whereas the 1 min chart displays the correct real-time price.

I have seen this for multiple symbols.

Is this a temporary issue or when will this get fixed?

(are the higher timeframe charts displaying delayed prices instead of real-time?)

Regards

StockGuy
Posted : Wednesday, June 4, 2014 11:07:50 AM

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Joined: 9/30/2004
Posts: 9,187

It sounds like you are using Heiken-Ashi candle plot style. That data is derived data, not the actual prices.

http://www.investopedia.com/terms/h/heikinashi.asp

If you change to another plot style you will see the prices as they are reported.

 

 

nanow
Posted : Wednesday, June 4, 2014 11:24:50 AM
Registered User
Joined: 1/16/2014
Posts: 7

Thanks!

These were on the Heiken-Ashi charts.

But, isn't the current-price (white rectangle on the right side) displayed independent of the chart type?

i.e. the chart-type will determine the candles being drawn but the current price should be displayed separately?

 

 

StockGuy
Posted : Wednesday, June 4, 2014 11:29:06 AM

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Joined: 9/30/2004
Posts: 9,187

The white rectangle displays the latest price on the chart, so if the chart is using Heiken-Ashi you'll get the latest calculated price.

nanow
Posted : Wednesday, June 4, 2014 2:31:36 PM
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Joined: 1/16/2014
Posts: 7

(Don't mean to dwell on this topic but just trying to understand what the white rectangle displays)

Is the white rectangle not intended to display the current price for the symbol (regardless of chart-type)? The current price cannot be a calculated value.

For Heikin-Ashi, only the  {Close, Open, High, Low} of the candle are calculated values. The current price is not calculated.

Thanks.

StockGuy
Posted : Wednesday, June 4, 2014 2:43:56 PM

Administration

Joined: 9/30/2004
Posts: 9,187

No, it's not, it displays the latest price on the chart.  The close or "last" price of the most recent candle is the latest/current price as far as the chart is concerned. And for every plot style except HA candles, that will match what is displayed on the scale.

 

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